Bitcoin Golden Cross Confirmed

Key Takeaways

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  Bitcoin gold ratio confirms MACD golden cross

  “What is that golden cross I'm referring to? So when a smaller term moving average moves above a longer term moving average. And in this case, we're looking at the MACD. So this orange line is the longer term moving average. The blue line is the shorter term moving average. And you can see right now, we have a bullish crossover on the MACD, and that bullish crossover is now you know, this is a two day bold div.”

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  Historical bottoming patterns face a potential breakdown

  “The Bitcoin gold ratio bottomed after three hundred ninety five days in 2016 right here, Then after three hundred ninety six days in 2019, and then three hundred ninety five days in 2022. So three ninety five ninety six ninety five. Right now, we're at day four hundred and twenty seven. So either this pattern breaks for the first time in a decade or gold holders are about to become Bitcoin exit liquidity.”

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  Bitcoin remains a tiny fraction of global assets

  “Now there's a lot in global assets. We're talking about a quadrillion. And of that quadrillion dollars, Bitcoin is only 0.2% of that. We're not early. We're absurdly early. And when you look, you can see how big of a portion gold is, and you can see how small of a portion Bitcoin is right there. And so just a small, small shift will have a dramatic change in Bitcoin's price.”

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  Gold price action exhibits a potential bear flag

  “I did mention a bear flag on gold. So what's the bear flag we're looking at? There is a potential bear flag. I wanna say huge odds this this plays out. You can see it right here, and then we have our our flag as well as our flagpole. And if, say, the breakdown does occur right here again, we're in this little liquidity pocket, about to be in a little tight range.”

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  Bitcoin faces double resistance at its range midpoint

  “Number one, this long sloping white line. This is gonna act as resistance. The October top and then the January peak, it's October 6. It's gonna be the January. We're hitting this level right here. The second layer of resistance is gonna be the midway point. We've been stuck in this range for over two months, sixty seven days.”

Episode Description

Nick Valdez looks at the recent GOLD/BTC chart moves and what it might spell for future price action of the 2 major assets! 💥 Join Our Trading Group Discord - https://discord.gg/pJYe4Z9FWa Zoomex - https://partner.zoomex.com/aff/ZX904299 Toobit - https://www.toobit.com/en-US/affiliates/exclusive-activities?invite_code=DiscoverCrypto&activityId=1474 Blofin - https://partner.blofin.com/d/DiscoverCrypto BTC Conference -  https://fxo.co/JAnx Klein Funding - https://kleinfunding.com/ref/10673 DC25 for 25% off on all standard challenge account  DC15 for 15% off on all instant pro accounts ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ➡️ Protect your BTC From Taxes - https://bitcoinira.com/ ➡️ Crypto Tax Services - https://www.decrypted.tax/ ➡️  Use 'DC20' for 20% off Arculus - https://www.getarculus.com/products/arculus-cold-storage-wallet Bitcoin Ticker Box - https://tickerbox.eu?sca_ref=8841235.jarE9W1myNW ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ➡️ Follow on X - https://x.com/DiscoverCrypto_ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person's opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Our videos are sponsored & include affiliate content. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. We never keep our entire portfolio on an exchange.  #bitcoin #crypto